News: GNMA Plans Not Dead

Although Ginnie Mae is in the process of rethinking the changes that it proposed to its Program I due to a unanimous negative reaction from the dealer community, plans to change the program are certainly not dead.

"I would say it is on hold for now, but it is not dead," asserted George Anderson, executive vice president of Ginnie Mae. "[Dealers] were pretty strong on their opposition to changes in the Ginnie I program, but we left it that we will revisit the issue jointly to see if we could find some workable solutions."

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